About this episode
Nobel Prize-winning economist Joseph Stiglitz joins Nick and Goldy to talk about his new book, "The Road to Freedom: Economics and the Good Society.” Stiglitz challenges the orthodox economic theories that have shaped our understanding of capitalism and argues for a new approach called progressive capitalism. Stiglitz also discusses the flaws of neoliberalism, popular misconceptions about freedom, and the widespread benefits of addressing issues like climate change and inequality. He shares insights on the need for a broader set of economic policies that prioritize the well-being of all people, not just the wealthy. Their discussion sheds light on the evolving landscape of economic thought and the hope for a more equitable and sustainable future. Joseph Stiglitz is a Nobel Prize-winning economist and the best-selling author of multiple books on economics. He was also chairman of the Council of Economic Advisers under President Clinton and chief economist of the World Bank. He now teaches at Columbia University and is chief economist of the Roosevelt Institute. His latest book, The Road to Freedom: Economics and the Good Society, delves into the failures of the neoliberal economic model and presents a comprehensive critique of how "free" markets have led to various crises, including financial instability, inequality, and social unrest. Twitter: @JosephEStiglitz Further reading: The Road to Freedom: Economics and the Good Society More from Joseph Stiglitz: People, Power, and Profits: Progressive Capitalism for an Age of Discontent For Good Measure: An Agenda for Moving Beyond GDP Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump The Price of Inequality Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer